How to Buy Yearn Finance DOT (YFDOT) in Anguilla

A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT) in Anguilla

Step 1 – Signup to Coinmama

You'll first need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Yearn Finance DOT (YFDOT) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Find {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}

As soon as your deposit has been verified, you'll immediately have access to your finances and you can start purchasing and trading. To purchase {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to discover {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}, you'll need to insert the short name of the asset (YFDOT) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this also. Click on “YFDOT/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Yearn Finance DOT (YFDOT)
Step 4 – Purchasing {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}

Once you have located {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order.

The ”Price” field will be filled with the up-to-date valuation {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} was sold for. This can be changed to your desired price. The ”Amount” field is the amount of YFDOT you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of YFDOT.

If you are happy, make a mouse click on “Buy YFDOT”. Your order will be filled as soon as a Vendor sells their YFDOT for the price you submitted.

Step 5 – Withdraw {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extensive time frame. To withdraw your {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT}, hover over the ”Funds” tab and mouse click on “Withdraw”. {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} by using the provided drop-down box. Drop in the amount of {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and safed Yearn Finance DOT (YFDOT) in Anguilla.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the {Yearn Finance DOT (YFDOT)|(YFDOT) Yearn Finance DOT} is stored in your wallet, you're finished.

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